How many trillion yuan is the accumulated balance of social security funds?

In recent years, with the increasing pressure of social aging in China, the income and expenditure pressure of social security funds has always been the focus of attention from all walks of life.

Take the dependency ratio of enterprise employees' old-age insurance as an example. The ratio of the number of employees participating in old-age insurance to the number of people receiving old-age insurance benefits, that is, the dependency ratio, has decreased year by year, from 2.97: 1 in 20 15 to 2.87: 1 in 20 16, and even reached 2.75: 650/. Among them, the dependency ratio of enterprise endowment insurance in 9 provinces fell below 2: 1.

According to You Jun, Vice Minister of Ministry of Human Resources and Social Security, as China enters the new normal of economy, especially with the acceleration of population aging, the income and expenditure of China Fund presents three characteristics:

First, the growth rate of fund income slowed down, but the fund increment did not decrease. In 20 16, the income of five insurance funds was 5.36 trillion yuan, an increase of more than 750 billion yuan compared with 20 15; In 20 17, the income of social security fund reached 6.6 trillion yuan, an increase of 1.28 trillion yuan over 20 16. Second, the fund expenditure shows a trend of rigid growth, but the growth rate is slowing down. As far as enterprise pension insurance is concerned, the expenditure in 20 17 is 2.86 trillion yuan, which is 0.4% higher than that in 20 16, but 0.4 percentage points lower than that in 20 16. Third, the accumulation of funds continued to increase. The total income of the five insurances is 5.9 trillion yuan in 20 15 years, 6.6 trillion yuan in 20 16 years and 7.6 trillion yuan in 20 17 years.

The annual report on the development of social insurance in China (20 16) shows that the number of provinces where the pension income is not enough has increased from 6 in 20 15 to 7, namely Heilongjiang, Liaoning, Hebei, Jilin, Inner Mongolia, Hubei and Qinghai. Among them, Heilongjiang not only made ends meet in the current period, but also the accumulated balance has bottomed out, owing 23.2 billion yuan.

In this regard, You Jun pointed out that because China's current social insurance system has not yet achieved national overall planning, such as employee pension or provincial overall planning, employee medical insurance or municipal overall planning, the phenomenon of uneven security burden and uneven fund distribution still exists, so there is a gap between income and expenditure in some areas. However, from a nationwide perspective, the operation of the fund is generally stable, ensuring the timely issuance of various insurance benefits.

You Jun further introduced, for example, the enterprise pension insurance that everyone is very concerned about, in 20 17 years, the fund income was 3.27 trillion yuan, the expenditure was 2.86 trillion yuan, the current balance was 418.7 billion yuan, and the accumulated balance was 4. 12 trillion yuan. The accumulated balance funds can be paid for 17.3 months, ensuring that there is no problem in payment. However, with the acceleration of population aging, it does bring great challenges to the sustainable development of our entire insurance system.